Replies to post #3096 on Grayscale Bitcoin Trust (GBTC)

[Dennisb68]

I don't believe that Bitcoin is any more threat to the government than Gold, Silver, or property. There was a time when people hesitated to get paid for their work with a coin or paper money rather than a goat or a chicken. It's called progress.

[bigjuice]

Nor does he explain how. What kind of government pressure exactly? The government is making a ton of money on this stuff. They are more intertwined than anyone wants to believe, fortunately and unfortunately. The government just needs to wait until bitcoin becomes more stable, which we are a ways a way.

Everyone wants to use blockchain now, and FI's are trying to come up with their own, but they don't know how to make it stable. If they manipulate it to make it stable, then it causes other issues that they don't want. So, even though they all want to do it, they cant effectively do it on their own. Bitcoin will be the winner in the end.

Government will continue to find ways to get their hands in there which will cause hiccups, but that's all it will be.